RCEP is a mega free trade agreement of 10 ASEAN countries with their six FTA partners, India, China, Japan, South Korea, Australia and New Zealand.
Profit margins of branded apparel retailers are likely to remain under pressure during the September quarter, due to higher discounting, shift in consumers’ preferences to value-based purchases and extension of the ‘end of season sale’ period.
Expotextil, the fair for textile and garment sector in Peru, to be held from October 24-27 in Lima, will have a large representation of Italian textile machinery manufacturers this year.
The fashion industry generates global sales of over $1.4 trillion dollars, while the décor marketplace is valued at $664 billion.
All Pakistan Textile Mills Association (APTMA), showing serious concern on lower cotton output, has urged the federal government to remove duty and taxes on the import of raw cotton to support the domestic textile industry.
The Indonesian trade ministry is working with a special task force to audit producers’ importer identification numbers (API-P) to verify the textile industry's import quantity and identify possible ‘import leaks’, according to trade minister Enggartiasto Lukita, who recently said in Batu, East Java, that he is yet to confirm the source of excess imports.